It was only thirty years ago I was being told American printers were ruining the magazine business by producing them on web presses instead of sheetfed machines. Americans were said to not care about quality printing in the magazine field and if we didn't change our evil ways immediately, the price structure of magazine printing would collapse. In Europe.
Every countries printing industry needs to concentrate on their strengths and compensate for their weaknesses, or wither away.
I believe magazine printing and particularly on web presses is alive and as well as can be expected with the current changes we (some) are excepting in which media is being delivered. Looking at the magazine racks at drugstores and airports there are as many publication selections available as perhaps there ever were.
Personally and you may guess, I like it in my hand, ink on paper.
Happy New Year all. D